Nzd/usd - Aud/nzd
- Thread starter Ivanovich
- Start date
Quote from Ivanovich:
I'll agree that nothing is worse than an arrogant Aussie with lots of cash, mate!
But in light of the rather upbeat data yesterday for NZ, we still are seeing a minor selloff against the USD. Now, that could be due to the USD's upbeat data as players begin to rethink the Fed - but nothing has been working the way it should, lately.
Regardless, I made a good hundred pips on the upmove on AUD/NZD and will continue to buy into dips on that pair as RBA rates will definitely be going up, and your Fin Min just said that rates have peaked.
I totally agree rates have peaked here, but I don't see them falling at least until end of 2006. Rates will stay put, inflation will be in the plus 3% area for a while yet, tourists will flock to our shores with pockets full of yen, yuan, Real$'s, sheckels and roubles, to drink our wine, recline in hot pools, ski our slopes and share our sheep
, sorry I meant shear our sheep :eek: All kiwis will sleep easy knowing full well our Big Macs are now the cheapest in the OECD.
Nobodies expecting a drop till end of year now, so the focus will likely be on his comments. I am expecting him to continue with the line that the there are inflationary pressures in the economy, CPI is still outside their band and there will be no decrease in the near future.
Over the past few days housing data has shown a distinct slowdown, which was one of Bollards objectives, as increased housing values has led to increased consumption. However other data out suggests that the economy is still moving forward even if at a reduced level.
One thing to consider is what it will do to the NZ$ if the Fed lifts rates next week, which on the face of it looks like a strong possibility. This may be the hit which could turn the kiwi negative again.
Over the past few days housing data has shown a distinct slowdown, which was one of Bollards objectives, as increased housing values has led to increased consumption. However other data out suggests that the economy is still moving forward even if at a reduced level.
One thing to consider is what it will do to the NZ$ if the Fed lifts rates next week, which on the face of it looks like a strong possibility. This may be the hit which could turn the kiwi negative again.
